The Mosaic Company Rating Increased to Outperform at BMO Capital Markets (MOS)
The Mosaic Company (NYSE: MOS) was upgraded by analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $72.00 price target on the stock, up from their previous price target of $62.00.
Several other analysts have also recently commented on the stock. Analysts at RBC Capital raised their price target on shares of The Mosaic Company from $59.00 to $60.00 in a research note to investors on Tuesday, March 5th. They now have a “sector perform” rating on the stock. Separately, analysts at TheStreet reiterated a “buy” rating on shares of The Mosaic Company in a research note to investors on Monday, March 4th. Finally, analysts at Dahlman Rose downgraded shares of The Mosaic Company from a “buy” rating to a “hold” rating in a research note to investors on Friday, February 22nd.
Thirteen equities research analysts have rated the stock with a buy rating, one has assigned an overweight rating, and eleven have assigned a hold rating to the stock. The stock presently has an average rating of “overweight” and an average target price of $66.40.
The Mosaic Company opened at 61.50 on Tuesday. The Mosaic Company has a 1-year low of $44.43 and a 1-year high of $63.46. The stock’s 50-day moving average is currently $60.17. The company has a market cap of $26.180 billion and a price-to-earnings ratio of 14.29.
The Mosaic Company last released its earnings data on Friday, January 4th. The company reported $1.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.88 by $0.17. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.54 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. The company’s quarterly revenue was down 15.9% on a year-over-year basis.
The Mosaic Company (Mosaic) is a producer and marketer of combined concentrated phosphate and potash crop nutrients for the global agriculture industry.
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